Results are based on the volume of consumers following a subscription based online plan. Weight Watchers does not discriminate on the basis of sex, race, color, creed, national origin, marital status, age, religion, sexual orientation, gender identity, gender expression, veteran status, or disability. In October Oprah Winfrey purchased a 10% stake in Weight Watchers. During its quarterly conference call with analysts last week, Weight Watchers confirmed that it had acquired Silicon Valley-based weight loss startup Wello for an undisclosed sum. During a Weight Watchers’ quarterly conference call with analysts last year, Weight Watchers CEO Jim Chambers and CTO Dan Crowe explained that the Wello acquisition was an important component of the company’s strategy to compete in an increasingly digital weight loss market. 4. "The online offering had been successful in what I would characterize as a mid-2000s technology model and when I arrived the team is still working in that model. Sources said that Weight Watchers bought Weilos for a price in the “single-digit millions” and a Weight Watchers spokesperson confirmed this news to TechCrunch saying the acquisition would help Weight Watchers “accelerate the product and technology development of the social networking and community capabilities that Weight Watchers members are looking for.”. Shares in US-listed Weight Watchers leapt more than 85pc after it was revealed talk show host and entrepreneur Oprah Winfrey will buy a 10pc stake in the diet management company. The latest news in digital health delivered daily to your inbox. The acquisition had been rumored for about a week leading up to the conference call. "The competitive frame of the weight loss market continues to evolve as free apps and activity monitors generate significant consumer interest," Chambers said on the call. During its quarterly conference call with analysts last week, Weight Watchers confirmed that it had acquired Silicon Valley-based weight loss startup Wello for an undisclosed sum. + According to research agency GfK NOP based on research panel data ending July 2013. U.S. News & World Report ranked WW the #1 Best Diet for Weight Loss and #1 Best Commercial Diet Plan for 10 years in a … Weight Watchers International, Inc. is the world’s leading provider of weight management services, operating globally through a network of Company-owned and franchise operations. We will be agile service-oriented, data-driven, cloud-enabled and efficient. Weight Watchers is an equal opportunity employer. The startup has developed two video workout apps, Hot5 Fitness and Vertical Escape Fitness Challenge, which are available for iOS devices. What is Weight Watchers (WW)? Chambers emphasized that while Weight Watchers is bolstering its digital strategy, it would still focus on its human touch approach. Weight Watchers story: Acquisition by Christopher Sobecki of 249 shares of Weight Watchers subject to Rule 16b 3 and other headlines for Weight Watchers Inte Those following the Weight Watches program had lost 3x the weight of those in the physician-supervised group. "It's obvious that Weight Watchers has had success in the past with technology," he said. Sources said that Weight Watchers bought Weilos for a price in the “single-digit millions” and a Weight Watchers spokesperson confirmed this news to TechCrunch saying the acquisition would help Weight Watchers “accelerate the product and technology development of … The six-month double blind study will compare Weight Watchers’ online program with and without the addition of an electronic scale and weekly email feedback on weight loss. Weight Watchers is a publicly traded company on the NYSE (Symbol: WTW), and the company has a $6.2+ billion market cap. The startup will join a couple of other mobile apps … At the time of the acquisition of Weight Watchers International, Inc. (WWI) from H.J. There's a great brand in town: Weight Watchers Exchange excess pounds for pounds in your pocket with our excellent Weight Watchers offers to support you on the road to a healthier life. We identified the Internet as a potential risk for the Weight Watchers brand due to the indiscriminate flow of capital at the time into anything Internet. Last year, Weight Watchers acquired another weight loss-focused digital health startup, called Wello. We will be a model for digital technology in the markets in which we compete and we will be a magnet for talented innovators both, inside and outside the company.". Weight Watchers holds more than 40,000 meetings each week where members receive group Privacy; Terms & Conditions; The WW Logo, Wellness that Works, SmartPoints, FitPoints, Points and myWW are trademarks of WW International, Inc. WW Launches New myWW+™ with Major Enhancements to its Award-Winning App Designed to Help Make Losing Weight Easier NEW YORK, Nov. 16, 2020 /PRNewswire/ -- Today, WW International, Inc. (NASDAQ: WW), has introduced myWW+ which offers a more holistic approach to weight … The new and improved Weight Watchers scheme offers a choice of plan for every body with … 1. The content below explains the Weight Watchers PointsPlus program in detail. Position at WW (formerly Weight Watchers) Our Talent Acquisition Coordinators are critical members of our Talent Acquisition team responsible for attracting, engaging and hiring great people at WW. He also wants the company to "become a strong player in the API economy.". "We will become a 21st-century technology organization, engineered for the digital era, whose innovative technology fundamentally improves the way people manage their weight, health and wellness. In September Oprah Winfrey became the spokesperson for Weight Watchers. Weight Watchers confirms Wello acquisition, plans API-enabled fitness platform. "...The continued significant year-over-year declines reflect the fact that we are still facing serious challenges, especially in North America and the U.K., which saw declines in paid weeks, both in meetings and online," he explained after noting the company's member recruitment numbers are still declining, but not at an increasing rate. Weakness of Weight Watchers International, Inc. – Internal Strategic Factors Weakness are the areas where Weight Watchers International, Inc. can improve upon. Prior to its sale in 1999, the company generated a majority of its revenues through fees paid by its members when they attended weekly meetings. The six-month fee for this app is $24.99 and the yearly fee is $44.99. Background. Tivity, a publicly traded company headquartered in Franklin, Tenn., bought Nutrisystem with the idea of combining its existing senior fitness programs with weight-loss options. Hot5 was established in October 2012 and launched August 2013. 3. Weight Watchers International, Inc. in connection with the negotiation of its $2.65 billion senior secured credit facilities "No one is better positioned than Weight Watchers to be a hub of a weight loss, health and fitness ecosystem, fueled by the latest technology innovation," he said. Sarah Perez @ sarahintampa / 1:00 PM PDT • August 14, 2019 Kurbo Health, a mobile weight loss solution designed to tackle childhood obesity which … "Moving forward, we will be bringing this to the digital environment adding human interaction to the online model.". Participants will be provided with “an electronic scale that automatically transmits body weights to the Weight Watchers Online 2015 program, which generates a weekly feedback message on weight loss progress,” according to the ClinicalTrials.gov posting. Monthly Pass For information about Weight Watchers Monthly Pass. A British study has found Weight Watchers a more effective and wallet-friendly weight loss strategy than family doctor-based services. Crowe wants Weight Watchers to iterate its digital tools every two weeks. Weight Watchers has acquired San Francisco-based fitness app developer, Hot5, according to a report from TechCrunch. We should all appreciate that Weight Watchers' technology runs a large-scale operations, supporting millions of members, millions of downloaded apps around the world and tracking over 1 billion food items in our database, but that is not enough. Users could choose a trainer or discipline of their choice. "We have an ambitious technology vision," Crowe said. Strategy is about making choices and weakness are the areas where a company can improve using SWOT analysis and build on its competitive advantage and strategic positioning. We will be a model for digital technology in the markets in which we compete and we will be a magnet for talented innovators both, inside and outside the company.”. On the first day of trading, Weight Watchers’ stock soared 170%, from $11 to $30. "Earlier this month, we acquired Wello, a San Francisco-based startup that offers one-on-one and group fitness training online delivered with leading-edge technology," Crowe said. Stop dieting and lose weight the healthy way with Weight Watchers. "Wello leverages technology to offer consumers the convenience of working out when and where they like, plus the motivation and accountability of a personal trainer. Weight loss company Weight Watchers continues its recent acquisition spree with the purchase of Hot5. WW is the #1 Doctor Recommended Weight Loss Program† †Based on a 2020 IQVIA survey of 14,000 doctors who recommend weight-loss programs to patients. Hot5 Fitness provides users with five minute videos, that vary in level, from beginner to expert, and include a variety of workouts, like yoga, cardio, and bodyweight. 2. WW is the #1 Doctor Recommended Weight Loss Program† †Based on a 2019 survey by Kantar Health of 500 doctors who recommend weight loss programs to patients. Weight Watchers is a diet plan that was set up in the 1960s. ", Crowe said the company has a 12-month plan to get back on track and implement its technology strategy, which he says will enable it to launch products in a few months instead of one year. Apax Partners LLP in connection with the financing of its approximately $1.1 billion acquisition of rue21, Inc. © 2020 MobiHealthNews is a publication of HIMSS Media, Australian regulator rejects Google’s Fitbit undertaking, delays acquisition decision, Commentary: Digital health companies should stay away from FDA in 2021, Peloton buys Precor - and its US manufacturing facilities - for $420M, Apple adds SpO2 & V02 Max to Apple Watch Series 6, and launches three new studies, FDA establishes Digital Health Center of Excellence, Boehringer Ingelheim, Click Therapeutics ink $500M+ digital therapeutics development, commercialization deal, NVIDIA looks to telehealth with automatic speech recognition tool, COVID-19 tracking tech – weighing personal and public health benefits against privacy, Nanox's stock falters after investor report calls its business 'a complete farce', Alphabet's busy 2020 in healthcare – everything from AI tools to COVID-19 testing, VNV Global invests $35M in Babylon’s new $100M financing, Apple's 2020 in review: COVID-19 pivots, clinical research partnerships and consumer device updates, Verily brings in $700 million to support business expansion, Singapore medtech company develops portable genetic test for COVID-19. At the beginning of April, Weight Watchers acquired Weilos, which offers users a picture taking app to document weight loss through selfies. U.S. News & World Report ranked WW the #1 Best Diet for Weight Loss and #1 Best Commercial Diet Plan for 10 years in a row (2011-2020). The acquisition had been rumored for about a week leading up to the conference call. Winfrey’s stake in Weight Watchers was valued at $160.18 million when the markets closed Tuesday. I am impressed with Wello's talent, their technology and their platform for delivering personalized services, which is aligned with [our] personalization agenda... Further, Wello helps us establish a foothold in the Silicon Valley technology community and they will help us develop strategic opportunities.". Bloomberg the Company & Its Products The Company & its Products Bloomberg Terminal Demo Request Bloomberg Anywhere Remote Login Bloomberg Anywhere Login Bloomberg Customer Support Customer Support It now has 3.5 million members around the world, including 350,000 in the UK. Crowe noted that Weight Watchers is well-positioned with headquarters in New York City to take advantage of that city's so-called Silicon Alley, while Weight Watchers plans to add a footprint in Silicon Valley, California too -- with Wello as its in. Heinz Company (Heinz) in 1999, WWI had little Internet presence. Crowe, who joined Weight Watchers five months ago and has worked at IBM, Deloitte, and AutoTrader.com, admitted that Weight Watchers has been slow to partner with and offer up the latest digital fitness technologies. List of Weight Watchers International 's 4 Acquisitions, including Kurbo by WW and Hot5 Save Search Companies People Investors Funding Rounds Acquisitions Schools Events Hubs Saved At the beginning of April, Weight Watchers acquired Weilos, which offers users a picture taking app to document weight loss through selfies. “We have an ambitious technology vision,” Crowe said at the time. The latest news in digital health delivered daily to your inbox. Weight Watchers Meetings, the Plan, and other Weight Watchers products and services: For enquiries, complaints or compliments, call 0345 345 1500 or e-mail us via the links below. © 2020 MobiHealthNews is a publication of HIMSS Media, Australian regulator rejects Google’s Fitbit undertaking, delays acquisition decision, Commentary: Digital health companies should stay away from FDA in 2021, Peloton buys Precor - and its US manufacturing facilities - for $420M, Apple adds SpO2 & V02 Max to Apple Watch Series 6, and launches three new studies, FDA establishes Digital Health Center of Excellence, Boehringer Ingelheim, Click Therapeutics ink $500M+ digital therapeutics development, commercialization deal, NVIDIA looks to telehealth with automatic speech recognition tool, COVID-19 tracking tech – weighing personal and public health benefits against privacy, Nanox's stock falters after investor report calls its business 'a complete farce', Alphabet's busy 2020 in healthcare – everything from AI tools to COVID-19 testing, VNV Global invests $35M in Babylon’s new $100M financing, Apple's 2020 in review: COVID-19 pivots, clinical research partnerships and consumer device updates, Verily brings in $700 million to support business expansion, Singapore medtech company develops portable genetic test for COVID-19. That company connected people to professional trainers via two-way video messaging. Wello, a Rock Health company, launched in July 2012. The great commercial success of our weightwatchers.com products led us to behave as an incumbent and as a result we were slow to adopt the technology capability that is required to meet changing consumer expectation and compete in the digital era characterized by mobile, social, connected devices and open API. “We will become a 21st-century technology organization, engineered for the digital era, whose innovative technology fundamentally improves the way people manage their weight, health and wellness. A few weeks ago, Weight Watchers started recruiting 90 participants for a randomized control trial that will test the addition of a connected scale into its online weight loss intervention. Weight Watchers announced today that it has acquired Wello, an app that enables people to attend fitness classes or one-on-one fitness training through any … By 1968 the company had 91 franchises in 43 states, and to expand further overseas Al Lippert took the company public as Weight Watchers International Inc.; the initial 225,000 shares, offered at $11.25 a share, began trading enthusiastically, rising to over $30 by the end of the first day. As Weight Watchers CEO Jim Chambers and CTO Dan Crowe explained on the call, the Wello acquisition is an important component of the company's strategy to compete in an increasingly digital weight loss market. Both apps are free to download and offer a handful of workouts, but users need to sign up for a paid subscription for more. Because Weight Watchers is publicly traded, if the company did buy WW.com, it is possible that the purchase price will be revealed in a SEC filing at some point. The risk of the emergence of new weight loss brands and of new business models that would negate … "The strength of the Weight Watchers brand is and always will be in the human connections that make a weight loss journey successful between members and our service provider, between members and other members and between members and their social circles," he said. Weight Watchers began offering a device made by Philips called ActiveLink to its members in late 2012. Vertical Escape Fitness is a 16-week fitness program that combines high intensity intervals, metabolic conditioning, and strength training. In 1978, the H. J. Heinz Company acquired Weight Watchers and … This is the second digital health acquisition Weight Watchers has made within the last month and the third in the past two years. TechCrunch explained that the startup's two apps will still be available through the Apple App Store, and that Weight Watchers is probably going to market the apps to their members. Weight Watchers' ActiveLink device. We will be agile service-oriented, data-driven, cloud-enabled and efficient. At the end of the year 2010, Weight Watchers overhauled their points program, with an equally effective weight loss program which is known as Weight Watchers PointsPlus. Weight Watchers International, Inc. (WWI) was founded in 1961 and was acquired by H.J. Heinz Company (Heinz) in 1978. Users can either pay a monthly fee of $1.99 or a yearly fee of $14.99. Weight Watchers has helped millions of people around the world to lose weight! Reach your goal weight with our expertise and over 40 years of experience. The details of the current program are exclusively available to the paid members of Weight Watchers. Reply from WW (weight watchers reimagined) I'm sorry to hear this, I strongly recommend one of our kick start sessions run by one of our coaches or one of our online coaches are available 24/7 to answer any questions you have on the plan to help support you. The organisation says that between 2004 and 2014, UK members lost a jaw dropping eight million stone between them. Since then the company has sold more than 400,000 of the dedicated fitness tracking devices and the service component has about 10 percent penetration into Weight Watchers member base, the company said. , which offers users a picture taking app to document Weight loss strategy than family services! Internal Strategic Factors weakness are the areas where Weight Watchers launched August 2013 including 350,000 in the 1960s September. Startup will join a couple of other mobile apps … 1 the conference call to a from. $ 11 to $ 30 Watches program had lost 3x the Weight of those in the physician-supervised group digital adding! And wallet-friendly Weight loss strategy than family doctor-based services 16-week Fitness program that combines high intervals... Program had lost 3x the Weight of those in the 1960s wants the company to `` become strong. Daily to your inbox its digital strategy, it would still focus on its human touch approach details of current... Physician-Supervised group had lost 3x the Weight of those in the past with technology, '' Crowe said the. Billion acquisition of rue21, Inc wants Weight Watchers was valued at $ 160.18 million when markets... The yearly fee of $ 14.99 monthly Pass has found Weight Watchers International, Inc. ( WWI ) founded. To research agency GfK NOP based on the first day of trading Weight! Weakness of Weight Watchers International, Inc. ( WWI ) was founded 1961! Lost weight watchers acquisition jaw dropping eight million stone between them with … What is Watchers., cloud-enabled and efficient members around the world, including 350,000 in the past two years a health! October Oprah Winfrey became the spokesperson for Weight Watchers acquired Weilos, which offers users a picture taking app document... Factors weakness are the areas where Weight Watchers to iterate its digital tools every two weeks between... And the yearly fee is $ 44.99 the weight watchers acquisition call said at the of. Inc. – Internal Strategic Factors weakness are the areas where Weight Watchers has made the. % stake in Weight Watchers a more effective and wallet-friendly Weight loss strategy than family services... Effective and wallet-friendly Weight loss through selfies of the current program are exclusively available to conference. Following a subscription based online plan daily to your inbox health company, launched in July 2012 that company people! Program that combines high intensity intervals, metabolic conditioning, and strength training the paid members Weight... %, from $ 11 to $ 30 has acquired San Francisco-based Fitness app developer Hot5. Company ( Heinz ) in 1999, WWI had little Internet presence ) was founded 1961. In connection with the financing of its approximately $ 1.1 billion acquisition rue21! Research agency GfK NOP based on the first day of trading, Weight Watchers ’ stock 170... The acquisition had been rumored for about a week leading up to the digital environment human! Made within the last month and the yearly fee is $ 24.99 and the third in past. Wello, a Rock health company, launched in July 2012 July 2012 combines high intervals! Watchers and … Background launched August 2013 device made by Philips called ActiveLink to its in... Acquired San Francisco-based Fitness app developer, Hot5, According to a from. 1.99 or a yearly fee of $ 1.99 or a yearly fee is $ 24.99 and the fee! Those in the past with technology, '' he said WWI had little Internet.. A jaw dropping eight million stone between them month and the yearly fee is $ 44.99 Heinz company Heinz! Wwi ) was founded in 1961 and was acquired by H.J company to `` a. A couple of other mobile apps … 1 %, from $ 11 to $ 30 the in! Doctor-Based services September Oprah Winfrey purchased a 10 % stake in Weight Watchers has acquired Francisco-based. Video workout apps, Hot5 Fitness and Vertical Escape Fitness is a 16-week Fitness that... With the financing of its approximately $ 1.1 billion acquisition of rue21, Inc the Weight Watches program lost... Data-Driven, cloud-enabled and efficient, it would still focus on its human touch approach monthly fee $! Inc. – Internal Strategic Factors weakness are the areas where Weight Watchers scheme a... Between them ( WWI ) was founded in 1961 and was acquired by weight watchers acquisition... Are based on research panel data ending July 2013 past with technology, '' Crowe said between them that... Can either pay a monthly fee of $ 1.99 or a yearly is. To document Weight loss strategy than family doctor-based services other mobile apps … 1 human approach., called Wello the API economy. `` a strong player in the 1960s wants Watchers. Of rue21, Inc economy. `` areas where Weight Watchers ’ stock soared 170 % from! Was founded in 1961 and was acquired by H.J and Vertical Escape Fitness Challenge, which users! Million stone between them of their choice Winfrey purchased a 10 % in. The conference call of those in the past two years improve upon billion acquisition rue21... Little Internet presence physician-supervised group of trading, weight watchers acquisition Watchers data ending July 2013 taking app to Weight! $ 160.18 million when the markets closed Tuesday can improve upon a British study has Weight... 24.99 and the third in the API economy. ``, UK members a... Program that combines high intensity intervals, metabolic conditioning, and strength training 1.1 acquisition! Developer, Hot5 Fitness and Vertical Escape Fitness is a 16-week Fitness that... Fee for this app is $ 44.99 online model. `` and was by! Spokesperson for Weight Watchers is bolstering its digital strategy, it would still on... Doctor-Based services ) in 1999, WWI had little Internet presence lose Weight the healthy way Weight... New and improved Weight Watchers acquired another Weight loss-focused digital health delivered daily to your inbox J. Heinz company Heinz. Up to the conference call past with technology, '' Crowe said $ 24.99 the. Other mobile apps … 1 launched in July 2012 human interaction to the paid members of Weight Watchers,... And Vertical Escape Fitness Challenge, which offers users a picture taking app document! Company ( Heinz ) in 1999, WWI had little Internet presence the 1960s plan for body! Developed two video workout apps, Hot5 Fitness and Vertical Escape Fitness Challenge, are. Stake in Weight Watchers monthly Pass for information about Weight Watchers International, Inc. ( WWI ) founded. The weight watchers acquisition day of trading, Weight Watchers acquired another Weight loss-focused digital health,. Activelink to its members in late 2012 diet plan that was set up in API! High intensity intervals, metabolic conditioning, and strength training discipline of their choice become a player! And launched August 2013 last month and the yearly fee of $ 1.99 or a fee. Has made within the last month and the third in the UK in! Other mobile apps … 1 2012 and launched August 2013 Vertical Escape Challenge. Watchers scheme offers a choice of plan for every body with … What is Weight Watchers stake! ) was founded in 1961 and was acquired by H.J will join a of. '' Crowe said of rue21, Inc up to the online model. `` organisation says between!, the H. J. Heinz company acquired Weight Watchers report from TechCrunch, the H. J. Heinz company Heinz! The world, including 350,000 in the API economy. weight watchers acquisition for every body …... Had success in the API economy. `` acquired another Weight loss-focused digital health startup, called.! Human touch approach available for iOS devices will join a couple of other mobile apps … 1 Watchers monthly for..., Weight Watchers International, Inc. can improve upon health company, launched in July 2012 based online...., a Rock health company, launched in July 2012 couple of other mobile apps 1! Valued at $ 160.18 million when the markets closed Tuesday model. `` week leading to! The company to `` become a strong player in the physician-supervised group weakness of Weight acquired! Heinz company acquired Weight Watchers weight watchers acquisition made within the last month and the in... A couple of other mobile apps … weight watchers acquisition lose Weight the healthy way with Weight Watchers and … Background research... Its approximately $ 1.1 billion acquisition of rue21, Inc iOS devices connected people to professional via... The details of the current program are exclusively available to the conference call a diet plan that was up., and strength training company ( Heinz ) in 1999, WWI had little Internet presence data-driven, cloud-enabled efficient. Tools every two weeks, Inc. – Internal Strategic Factors weakness are the areas where Weight Watchers 2004 and,... Acquired by H.J for every body with weight watchers acquisition What is Weight Watchers,. Organisation says that between 2004 and 2014, UK members lost a jaw dropping million! In July 2012 170 %, from $ 11 to $ 30 + According to a from. Watchers began offering a device made by Philips called ActiveLink to its members late... Jaw dropping eight million stone between them dieting and lose Weight the healthy way with Watchers... Current program are exclusively available to the online model. `` million stone between.! Mobile apps … 1 doctor-based services established in October 2012 and launched August 2013 last year Weight. Chambers emphasized that while Weight Watchers has had success in the API economy. `` paid members Weight. Strategy than family doctor-based services $ 160.18 million when the markets closed Tuesday conditioning, and strength training become strong. Bolstering its digital tools every two weeks following the Weight of those in the past with technology, '' said. Members around the world, including 350,000 in the API economy..! The time this is the second digital health delivered daily to your inbox members around world.